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The Politics of Plenty: Investing Natural Resource Revenues in Alberta and Alaska

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  • Peter J. Smith

Abstract

This paper compares the different strategies of managing and investing resource revenue surpluses by Alberta and Alaska during the late 1970s and 1980s. The paper not only examines the origins, objectives, organization and management of the Alberta Heritage Savings Trust Fund and the Alaska Permanent Fund, it also compares the performance of each between 1976 and 1989 and assesses their respective limitations. It pays particular attention to those political, ideological, and economic determinants that have shaped the respective development and use of these two instruments of public policy.

Suggested Citation

  • Peter J. Smith, 1991. "The Politics of Plenty: Investing Natural Resource Revenues in Alberta and Alaska," Canadian Public Policy, University of Toronto Press, vol. 17(2), pages 139-154, June.
    • Handle: RePEc:cpp:issued:v:17:y:1991:i:2:p:139-154
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    Cited by:

    1. Pawłowski Michał, 2019. "Basic income guarantee in the perspective of institutional economics," Central European Economic Journal, Sciendo, vol. 6(53), pages 86-107, January.
    2. Herman M. Schwartz, 1997. "Reinvention and retrenchment: Lessons from the application of the New Zealand model to Alberta, Canada," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 16(3), pages 405-422.

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